“The need for inbuilt light sensors in the automotive sector for driver assistance and safety would drive the growth of the light sensors market”

The global light sensors market is estimated to grow at a CAGR of 9.3% between 2016 and 2022and is expected to reach USD 2.14 billion by 2022. The driving factors for the light sensors market are the growing implementation of light sensors for performing the functions in consumer electronic products such as smartphones and tablets. Also, advancements in the automotive sector, smart homes, and outdoor lighting are expected to boost the growth of the light sensors market.

“Automotive applications to gain maximum traction during the forecast period”

The automotive and consumer electronics application areas offer a huge growth potential for light sensors. These two applications collectively accounted for a market share of ~50% in 2015. The growing demand from OEMs to implement light sensors for certain functions to perform such as ambient light sensing, proximity detection, RGB color sensing, and gesture recognition in mobile devices and tablets has supported the growth of the consumer electronics sector of the light sensors market. The growth of the automotive market is attributed by the growing concern for driver assistance and safety. The light sensor functions such as gesture recognition, ambient light sensing, and proximity detection are expected to drive advances in the automotive infotainment segment. These sensors are helping the driver from getting distracted whiled riving on the road.

“Asia-Pacific expected to grow at a high CAGR by 2022”

Asia-Pacific is estimated to hold the largest market share by 2022 and is expected to grow at a high CAGR between 2016 and 2022. The major factor driving the growth of the light sensors market in APAC is the large number of mobile, laptop, and tablet users.

Several primary interviews have been conducted with market experts across four major geographies, namely, North America, Europe, Asia-Pacific, and Rest of the World (Middle East, Africa, and Latin America). The primary participants considered for the study are C-level executives, director level, and other executives from Tier 1, Tier 2, and Tier 3 companies. Break-up of profiles of primary participants are provided below:

This report includes the market statistics pertaining to function, output, integration, application, and region, along with their respective market size.

The Porter’s five forces framework has been provided along with the value chain analysis to offer an in-depth insight into the light sensors market.

Major drivers, restraints, and opportunities for the light sensors market have been detailed in this report.

Illustrative segmentation, analysis, and forecast for the markets based on function, output, integration, application, and region have been provided to give an overall view of the light sensors market.

5 Market Overview5.1 Introduction5.2 Market Segmentation5.2.1 By Function5.2.2 By Application5.2.3 By Output5.2.4 By Integration5.2.5 By Region5.3 Market Dynamics5.3.1 Drivers5.3.1.1 Growing Implementation of Light Sensors in Smartphones and Pc Tablets Spurs the Growth of This Market5.3.1.2 Advancements in the Automotive Sector Fuel the Market5.3.1.3 Adoption of Smart Home Technology is Expected to Drive the Light Sensors Market5.3.1.4 Exterior Building Lighting and Outdoor Lighting is Driving the Growth of the Market5.3.2 Restraints5.3.2.1 Low Light Sensing Capabilities Act as A Restraining Factor5.3.2.2 Low-Cost Sensors are Increasing the Threat to Scale Down the Quality5.3.3 Opportunities5.3.3.1 Industrial Sector Expected to Create Opportunities for the Market5.3.3.2 Automation in Machine Vision is Expected to Create Huge Opportunities5.3.4 Challenges5.3.4.1 Increasing Demand for Miniaturization of Sensors

6 Industry Trends6.1 Introduction6.2 Value Chain Analysis6.3 Porter’s Five Forces Analysis6.3.1 Intensity of Competitive Rivalry6.3.2 Threat of Substitutes6.3.3 Bargaining Power of Buyers6.3.4 Bargaining Power of Suppliers6.3.5 Threat of New Entrants

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Scope of the Report:
This report focuses on the Sensor? in United States market. This report categorizes the market based on manufacturers, type and application.
Market Segment by Manufacturers, this report covers
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